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Entry for GDF Suez Baltic pipeline continues to be delayed

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BERLIN (Dow Jones) – The final entry of the French energy group GDF Suez for the Nord Stream pipeline draws further down. He expected the agreement to acquire 9% to finalize the project in the coming weeks, said Jean-Francois Cirelli, GDF Suez SA for the for the operational business jurisdiction, on Friday.
In early April, the chief manager of the company Gerard Mestrallet, spoken by one degree in the coming weeks. At that time he had the delay on "technical Reasons "pushed. Cirelli said, now in Berlin on the sidelines of a gas conference without cause, he hoped for an agreement in June to the Gas Forum in St. Petersburg.
is already in over a year on one entry of French discussed the project. Once in March, then finally a Memorandum of Understanding was signed was a contract signed by early April provided.
The Russian energy giant Gazprom holds 51% of the project, will transport 55 billion cubic meters of natural gas every year. The E. ON Ruhrgas and gas subsidiary, BASF subsidiary Wintershall currently hold 20% each Nord Stream, the remaining 9% owned by the Dutch Gas company Nederlandse Gasunie NV. German companies have already repeatedly expressed its agreement to give each 4.5% of GDF.
At the Berlin conference said Bernhard Reuters mountain Chairman of Ruhrgas, it is difficult to an exact date for the call to finalize the talks. "The discussions are largely complete, it must only be clarified Details be, "he said. The consortium trying, however, the contract for cause be signed if all parties were present.

   

Website: www.nord-stream.com

- By Jan Hromadko, Dow Jones Newswires;
+49 (0) 69 29725104; unternehmen.de @ dowjones.com

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May 21, 2010 10:13 ET (14:13 GMT)

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